PANews reported on March 16 that according to Cointelegraph, although investors are generally worried about the current adjustment, Bitcoin's historical bull market cycle is still intact, and the current situation may only be a temporary "shock" before the next round of increases.

Bitfinex analysts pointed out that several key technical indicators have turned bearish, leading to speculation that the bull cycle may end prematurely. Nevertheless, Bitcoin's 4-year cycle is still an important factor that has historically influenced price movements. Past trends show that this is not the beginning of a long-term bear market. $72,000-73,000 remains a key support range. Global Treasury yields and stock trends may determine Bitcoin's next major move.